BOOP vs Bitway

Bitway (BTW) is 1332.3× the size of BOOP (BOOP) by market capitalisation. Over the past 30 days, BTW is ahead by 79.7 percentage points (BOOP -6.3% against BTW +73.4%). Their daily returns move closely in opposite directions (correlation -0.60 across 20 shared trading days). BTW has been the more volatile of the two, at 365% annualised against BOOP's 7%.

Correlation: -0.60
Size ratio: 1 : 1332.3
Ahead over 30 days: BTW

BOOPBOOP

$0.004005

24h: -0.30%
Market cap: $1.25M
Volume 24h: $52,615
Volatility (ann.): 7%

BitwayBTW

$1.1100

24h: +23.07%
Market cap: $1.67B
Volume 24h: $7.07M
Volatility (ann.): 365%

BOOP 0.1%Share of the two combined market caps99.9% BTW

Performance

BOOPBTW

7 days-0.38%-44.93%BOOP
30 days-6.33%+73.36%BTW

Correlation

-0.60over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	BOOP	BTW
Max drawdown (400d)	-6.5%	-60.7%
Risk-adjusted return (90d)	-0.91	0.43

Relative strength over 90 days: BTW outperformed BOOP by 65.8% — measured on the BOOP/BTW ratio, so it holds regardless of market direction.

BOOP →Bitway →